Actuarial Science, BS

Actuarial science stands at the intersection of risk and money. Actuaries are experts in evaluating the likelihood and financial consequences of future events, designing creative ways to reduce the cost of undesirable events, and decreasing the impact of tragic events that do occur. They are in great demand by insurance companies, consulting firms, and financial institutions.

This concentration provides an intriguing blend of mathematics and business management for students with a strong mathematics aptitude. Ideally, students graduating from Wharton with an actuarial science concentration will be prepared to pass or will have passed many of the professional examinations given by the Society of Actuaries or the Casualty Actuarial Society.

Actuarial Science Concentration

BEPP/STAT 451Fundamentals of Actuarial Science.1
BEPP/STAT 452Fundamentals of Actuarial Science I.1
BEPP/STAT 453Actuarial Statistics.1
Select one ASCI elective 11
Other Wharton Requirements33
Total Course Units37

Students should take MATH 104 Calculus, Part I and MATH 114 Calculus, Part II before starting the ASCI concentration. STAT 430 Probability/STAT 431 Statistical Inference recommended in lieu of STAT 101 Introductory Business Statistics/STAT 102 Introductory Business Statistics.

Other Wharton Requirements

First Year Foundations
ECON 010Introduction to Economics for Business 11
MATH 104Calculus, Part I1
or MATH 110 Calculus for Wharton Students
Leadership Journey
WH 101Business and You0.5
WH 201Management Communication: Persuasive Speaking and Writing for Business0.5
WH301Teamwork/Interpersonal Dynamics0.5
Capstone Course/Project0.5
ACCT 101Principles of Accounting I1
ACCT 102Managerial Accounting1
BEPP 250Managerial Economics1
FNCE 100Corporate Finance1
FNCE 101Monetary Economics and the Global Economy1
LGST 100Ethics and Social Responsibility1
or LGST 101 Law and Social Values
MGMT 101Introduction To Management1
MKTG 101Introduction to Marketing1
OIDD 101An Introduction to Operations, Information and Decisions1
STAT 101Introductory Business Statistics1
STAT 102Introductory Business Statistics1
Global Economy, Business & Society
Select one course1
Technology, Innovation & Analytics
Select one course1
Liberal Arts & Sciences
General Education Distribution
Select 6 courses with at least 1 course unit in each of the following categories:6
Natural Science, Math & Engineering
Social Science
Cross-Cultural Perspectives
Select 3 courses 23
Critical Writing Seminar1
Unrestricted Electives
Select five courses5
Additional Requirements
Second semester-level Foreign Language
Business Breadth (non-concentration courses)3
Total Course Units33

For students who take ECON 001 Introduction to Micro Economics and ECON 002 Introductory Economics: Macro in place of ECON 010 Introduction to Economics for Business of these courses can be slotted for ECON 010 on the worksheet. The second course may be used to fulfill a General Education Distribution or Unrestricted Elective requirement.


Two can double-count as General Education Distribution courses. 

The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2017 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.